| Main | Content | Activity | Links & Resources | Feedback |

Adobe PDF icon Download a printable version of the activity

How this helps you:

If you generate income and expenses from your woodland, this will help you with income tax reporting. It also will alert you to property tax programs for managed forest land, help you predict financial returns from forestry investments, and get started with estate planning.

List of Topics Federal Income Tax Guidelines
Property Taxes
Financial Analysis of Woodland Investments
Carbon Credits for Forestry
Estate Planning

Federal Income Tax Guidelines

Step 1: Defining your operation

Step 2: Determine Expenses

Step 3: Determine your Timber Sale Income

Step 4: Determine other timber-related income

Step 5: Fill out Form 1099

Step 6: Determine cost-sharing payments

Step 7: Determine if you have a Casualty Loss

Property Taxes

Step 1: Read about property taxes

Step 2: Itemize your deductions

Step 3: Learn more about taxes for your woodlands

Financial Analysis of Woodland Investments

Step 1: Conduct a financial analysis of your woodland

Carbon Credits for Forestry

Step 1: Look into carbon credits for forestry

Estate Planning

Step 1: Start your estate planning

Step 2: Prepare a will

Step 3: Think about continuing your forestry business

| Main | Content | Activity | Links & Resources | Feedback |